Michael Selig Confirmed as New CFTC Chairman

Michael Selig was confirmed as chairman of the Commodity Futures Trading Commission (CFTC) on December 18, 2025. Nominated by President Donald Trump, he was sworn in on December 22, 2025, marking a new era in regulatory leadership. Selig replaces Acting Chairman Caroline Pham, following the departure of Rostin Behnam. Previously, he served as the SEC crypto task force’s chief counsel. His appointment boasts unanimous Senate backing amid ongoing crypto legislation.

The crypto industry anticipates changes with Selig’s emphasis on ending “regulation by enforcement,” while advocating for adaptable rules. His leadership potentially impacts how digital assets are regulated under the CFTC’s domain. Markets keenly observe these developments, especially regarding Selig’s advocacy for consumer protection and clarity in crypto market structures. His approach could significantly influence future legislative and regulatory landscapes. Selig’s confirmation aligns with the introduction of the CLARITY Act, related to digital commodities.

No immediate market changes were reported, but industry experts foresee regulatory shifts affecting governance and compliance. Selig’s testimony before the Senate highlighted his intention to enforce against fraud and adopt flexible rules. Historical trends suggest a more structured oversight might enhance the industry’s transparency and stability, potentially benefiting investors.

“I aim to eliminate opaque rules and enforce against fraud and co-mingling of funds, drawing lessons from the FTX collapse.” — Michael Selig, CFTC Chairman

Selig’s confirmation comes at a time of significant regulatory shifts in the crypto market, highlighting his key focus areas: enforcing against fraud and adopting adaptable rules.